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. this is "your money." the elections are over. the american people have spoken. now it's time for washington to get to work. >> you elected us to focus on your jobs, not ours. >> that's because nothing is more important to our economic recovery than creating jobs. president obama says he'll add 12 million jobs over the next four years. but for his math to work, the pace of economic growth needs to pick up. with a crisis in europe and a slowdown in asia, an economic storm beyond our control stands ready to batter our shores. still, two years of consistent job growth prove we are heading in the right direction, but the fiscal cliff is one storm that will be of our own making unless washington acts. $7 trillion in across-the-board tax hikes and spending cuts over the next decade mandated to begin in january. it's the legislative equivalent of a slow motion train wreck that washington can avoid. the question? will congress and the president drive that train over a cliff? >> we won't solve the problem of our fiscal imbalance overnight. >> the elections are over. the threats to our economy are not
storm that will be of our own making unless washington acts. $7 trillion in across the board tax hikes and spending cuts over the next decade mandated to begin in january. it's the legislative equivalent of a slow motion train wreck that washington can avoid. the question, will congress and the president drive that train over a cliff? >> we won't solve the problem of our fiscal imbalance overnight. >> the elections are over. the threats to our economy are not. time to get to work. and there is lots of work to be done. starts with averting the disaster of our own making. i repeat that. the fiscal cliff. we've got it covered frommive angle. christine romans is host of "your bottom line," richard quest of "quest means business," david walker spent a decade oversaeg the federal government, how it spends your tax dollars as the u.s. comptroller general. today he's the ceo of come back america. he's an unapologetic deficit hawk. mohammed al arian is the ceo of pim he could. his firm is the largest investors in bonds. and stephen moore is the founder of the low tax advocacy group club f
from washington. brianna, where does the obama administration stand right now with all of this? >> reporter: well, right now we are hearing from the white house who says this won't affect the president's attention to the fiscal cliff situation. that said, we do know that he has had to spend time on this. a limited amount of time in the words of white house press secretary jay carney, but we also know that a lot of staff hours have had to go to dealing with this situation with generals petraeus and allen. yesterday this was the first press conference that we had a chance to ask jay carney about this situation. and he said that the president thinks very highly of general allen, of his service to his country, of the job he's done in afghanistan. and one reporter asked if he, if the president has the full faith, or if general allen, i should say, has the full faith of president obama. and here's what carney said. >> he has faith in general allen, believes he's doing and has done an excellent job at isap. and i would rephrase the pentagon for the process underway with regards to gen
, four more years in the white house locked in, president obama prepares to head back to washington, where a hard fought campaign pales in comparison to the challenges that lie ahead. the nation is drawing closer and closer to the fiscal cliff. hello and good to see you here on this day after election day. i'm brooke baldwin at the cnn world headquarters in atlanta. >> i'm celebrating the day after. john king in washington. hey, brooke. >> good to see you. >> it is good to see you. talk on capitol hill is turning to compromise immediately after the election. listen here, the senate majority leader democrat harry reid. >> it is better to dance than to fight. it is better to work together. everything doesn't -- >> see what the house speaker john boehner has to say. he speaks live next hour. meantime, the biggest battleground still hangs in the balance, the election is not yet over in florida. the nation's largest swing state too close to call. oh, yes, brooke, they're still counting the absentee ballots. >> we'll go there. also happening right now, the market. we have to look at this,
headquarters in atlanta. >> i'm wolf blitzer in washington. this is cnn's special program, special coverage of america's choice 2012. we're bringing you the story behind the numbers. the demographic breakdown of the president's decisive victory and the implications for the republican party moving forward. >> we're also examining the challenges ahead for the president leading a divided nation and dealing with an immediate fiscal problem facing the country. and his victory speech, the president urged all americans to come together. he said what unites susbigger than what divides us. >> i believe we can seize this future together because we are not as divided as our politics suggest. we're not as cynical as the pundits believe. we are greater than the sum of our individual ambitions, and we remain more than a collection of red states and blue states. we are and forever will be the united states of america. and together, with your help and god's grace, we will continue our journey forward and remind the world just why it is that we live in the greatest nation on earth. thank you, america. god b
itself if washington allows us to go over the fiscal cliff. according to studies, the average household could pay $3500 more in taxes. unemployment in the u.s. which has come down to 7.9% could head back up above 9% by this time next year. the u.s. could join europe which has been hit by a double dip recession. and according to a pugh research/"washington post" poll, you clearly understand the danger of this fiscal cliff. 68% say it will have a major effect on the economy. 21% say just a minor infect. only 2% say no effect. 10% say they don't know which is why you're watching this right now. president obama's solution to all this is to make a deal centered around increasing taxes on the wealthy which will go a good part of the way to raising the $1.6 trillion in new revenue that he wants to raise over the next decade in his attempt to reduce the federal deficit. he wants to let the bush era tax cuts expire. if that happens, the top tax rate on income would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second top rate would go from 33% to 36%. no
with wolf blitzer in washington. hey, wolf. >>> brooke, thanks very much. happening now, the president of the united states is on his way back to washington right now for four more years in the white house. you're going to see his return to the white house during this program. also, republicans still control the house of representatives. will the president find anymore cooperation in his second term than during his first? and after passage of an historic ballot question, how soon will it be until people in colorado can light up a marijuana cigarette legally? i'm wolf blitzer. you're in "the situation room." >>> right now president obama's aboard air force one. he's heading east from chicago. he's already reaching out to congressional leaders trying to set the agenda for his second term in office. across the country today americans awoke to banner headlines from re-elected in the president's hometown "chicago tribune" to "obama wins in his adopted city" "the washington post." the "new york times" proclaimed it's obama's night while "los angeles times" told readers it's obama again. even
coach tom izzo live this hour. "newsroom" starts now. >>> and good morning from washingt washington. i'm carol costello. thank you so much for joining us. this morning, a shocking new development in the sex scandal that toppled one of the most respect respected men in washington. now it has snared another top general, john allen, commander of all international troops in afghanistan. today the feds are sifting through a mountain of e-mails and messages he traded with a woman named jill kelley. a mind boggling 20,000 to 30,000 pages and agents are searching for anything inappropriate. now here is the common link. that woman, kelley, jill kelley, she's the one who received harassing e-mails supposedly from petraeus' jealous mistress, paula broadwell. petraeus admits to the affair with broadwell and has said that this woman, kelley, is a family friend. we'll take a look at each of these players in a scandal that seems to grow more bizarre by the day. first stop, pentagon and cnn's chris lawrence. so, chris, what specifically are investigators looking for in those messages? morality aside,
reports. chris lawrence of the pentagon and brianna keeler in our washington bureau. let's start with chris. chris, we're talking about two high-level government officials in a scandal, general allen sent to become the supreme ally commander for nato. first off, what's the latest on the investigation? you are hearing anything? what is going to happen to general allen? >> reporter: yeah, right now what i'm hearing is that general allen is here in washington wondering exactly the same thing. he was just 48 hours away from going before that senate confirmation hearing to take over nato. now that has been postponed. he is here and people are wondering what's going to happen to him next. from what we've been able to determine from sources at the pentagon, basically they are looking at between 20 and 30,000 pages, most of them e-mails sent between general allen and jill kelly down in florida between 2010 and 2012. so right up until this year. i'm told the e-mails were inappropriate in nature and now the inspector general here at the pentagon is looking through those to see what exactly
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washington correspondent for politico. he joins us now from washington. good morning to you. >> good morning. >> so let me first get to -- i'll get to the fiscal cliff but first want to get your reaction to the petraeus story. there are reports this morning that the fbi and the justice department knew about this over the summer, as early as over the summer, and some members of congress are complaining they didn't know about it. >> members of congress always wish they knew what was going on before they get informed of things. that's a typical complaint whenever the administration comes forward with something. i would say this, there's either a situation where the fbi believes there's a potential security breach or there is not. if they believed there was a potential security breach they probably should have informed members of congress so that something could be done about it or gotten petraeus out of his job. what we've heard so far is they didn't believe that there was a potential security breach, which leads to the question of why david petraeus ended up in the position he did. and i think
in congress. they came before our cameras yesterday in washington, john. they did talk about the election being a voice from the american voters for a call for compromise. and you heard both men talking about working together to fix the country's problems along with the president. but at the same time, you also heard both men laying down markers and both men disagreeing on whether whether it comes to the fiscal cliff the wealthy should be taxed. take a look at what they said. >> it won't solve the problem of our fiscal imbalance overnight. certainly won't do it in a lame duck session of congress. and it won't be solved simply by raising taxes or taking a plunge off the fiscal cliff. >> the vast majority of the american people rich, poor, everybody agrees that the rich, richest of the rich have to help a little bit. >> another disagreement, john boehner the house speaker talking about doing a framework but getting a new deal done with the new congress. harry reid saying let's not kick the can further down the road. negotiations really get under way next week when both sides of the house an
. >> so i want to bring in suzanne kelli in washington, and, first of all, tell us a little bit about this video that we're seeing. the fbi so far is determined that security has not been compromised. the agents have interviewed petraeus. what does it say here when you have this woman talking about the cia's investigation into benghazi very publicly? >> well, and you heard for yourself on that piece of video, suzanne. this information hasn't been vetted. is this really something that should appropriately be put out in the public arena in the way that it was? that gets to the very nature of why this relationship was really so messy and so complicated and in the end really inappropriate, but, first of all, i want to say that in temz of what she said about libya and the cia taking prisoners there, this is something that the agency, of course, adamantly denies doing, but the issue really is her extraordinary access to petraeus. when a woman like this who has written a book about him, who, you know, talks openly about the close access she has and relationship with him says something like t
-known among washington social circles. they have been friends with general patreaus and his family for five years. friends describe kelley as an innocent victim about e-mails accuse kelley of flirting with patreaus. how does this impact the careers of the two generals but also implications as well in defense secretary leon panetta has asked that general john allen's nomination to be supreme commander put on hold. for patreaus, panetta asked whether any kags that his affair started when he was still in active duty. >> we obviously are going to watch this closely to determine just exactly you know when that took place. but i think right now my view is, let's see what the investigation turns up and what the congress, these committees are able to determine as to what exactly took place. >> so a friend of general patreaus says the affair starts two months after he took over as cia director and ended about four months ago. four days after the patreaus scandal broke, investigators are trying gather information. what we saw agents searching paula broadwell's home in charlotte, north carolina, the w
this morning. she's in our washington, d.c. bureau. good morning, jill. >> hello, soledad. well, this is it. both sides are going to be there. they're looking at the tone. they're looking at the president, what kind of tone will he set? you have to say that they're coming in both sides with their essential positions intact. all, both sides are saying that there is some room for a compromise. so, the essential thing is how do you compromise? if you look at the positions, let's say, of the republicans, and it's most strongly, as i say, relayed by senator mitch mcconnell, he does not, and they do not, want any tax increases. so let's listen to him first. >> and let's be clear, an opening bid of $1.6 trillion of new taxes just isn't serious. it's more than simpson-bowles or any other bipartisan commission has called for. it's been unanimously rejected in the house and senate, it's twice as much as the white house seemed ready to agree to during last summer's debt ceiling talks and look at it in the context of the spending cuts that are yet to be enacted from the president's other proposal, it a
to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other taxes as well he's talking about. taxes on investment gain would also go up. the capital gains tax would go from
obama has won re-election, the debate in washington has shifted from whether we should raise taxes to how and by how much. this makes sense. with a deficit over a trillion dollars, we will need a combination of increased tax revenues and spending cuts. the president and his allies including robert rubin have made the case that eliminating deductions simply will not get you enough money. you will actually have to raise tax rates. that's probably true as well. but let's not give up entirely on the issue of deductions and all those other hidden subsidies that the simpson-bowles report accurately called backdoor spending hidden in the tax code. in order to sound like they're not spending money, congress often tends to grant special exemptions to paying taxes. in his excellent book "red ink" david russell points out if you get a $1,000 exemption, it's exactly the same as being paid a thousand dollars by the government. yet one is recorded as government spending, which is bad, the other, a tax cut, which is good. the simpson-bowles commission pointed out that when you add up all these ta
time, thanks. let's turn to washington now, where of course there was a confirmation hearing fortunate general allen's spending nomination to command the u.s. european command and nato forces in europe. it's all going to be delayed because of this scandal. white house of course, brianna keilar has been following developments on that front. good morning. >> good morning to you, soledad. i'll tell you, we just got reaction in from the white house. the first since this new development involving general allen. this reiterating what we heard overnight in a written statement from defense secretary leon panetta. this is from the spokesman for the nsc, the national security council says at the request of the secretary of defense the president has put on hold his nomination of general allen as supreme allied commander europe. that's the top u.s. commander in europe, the head of nato forces in europe. this is spending the investigation of general allen's conduct by the department of defense inspector general. says the president remains focused on fully supporting our extraordinary troops and coa
see this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today, jason chose aleve. just two pills for all day pain relief. try aleve d for strong, all day long sinus and headache relief. try aleve d for strong, all day long try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cab
understands things are very divided in washington. he hopes they can. again, i'll let you hear in your own words this is what he told me. >> there is a budget compromise out there for raising revenue and at the same time curbing spending. simpson bowles. you say it is a good starting point but not enough. most elected officials won't go as dpfar as simpson bowles woul because it would hurt, there would be pain. what do you suggest america can do to get the strong economic growth and the high levels of unemployment? what sort of pain should our politicians be saying we should be ready to take? do we eliminate the mortgage interest deduction, do we eliminate things people are used to but need to give up all of the above. all of the above. i think the very -- the genius of simpson bowles is a political issue, namely that you can take this trillion dollars of so-called tax expenditures, and the republicans can look at cutting them as a reduction in subsidies, which in large part they are. the democrats can look at them as a way to increase taxes on upper income groups. now, it strikes me that'
, every four years or so, inside washington. you start talking about what names will be replacing those who will be leaving. nothing official from the white house on this kind of movement, but one of the names that's been thrown around, senator john kerry, who helped the president prepare for the debates, has been talked about possibly going to state. there are other names being thrown around as well, and i'm sure those lists will continue to grow in the coming days. as for the president, nothing public on his schedule today, other than the presidential daily briefing, that will happen later this morning. the first one that will happen here at the white house, since his re-election. the president and the first family return here to the white house, late yesterday. the staff was planning to have a welcome out on the south lawn, but because of bad weather, marine one could not land here, so it was a low-key arrival. what's on the president's agenda, moving forward, you've been talking about dealing with the fiscal cliff, also the president has to work on trying to unite the country after
story "outfront," war in washington. both sides blaming the other for a lack of action on that fiscal cliff. when taxes duoup and spending gets slashed. today, the rhetoric was ratcheted up another notch as mitch mcconnell slammed the president's plan. to raise 1.6 trillion in tax increases over the next ten years. >> an opening bid of $1.6 trillion in new taxes just isn't serious. it's more than simpson bowles or more than any other commission has called for. it's twice as much as the white house seemed ready to agree to during last summer's debt ceiling talks. a joke. >> dick durbin joins me now. good to see you. it's a joke. what do you think? >>. >> i think senator mcconnell needs to take another look at the report. i severed on that commission. a reduction of $4 trillion came from revenue. it was in the range of $1.6 trillion. >> you talk about 1.6 trillion. there's ways to get there in ways that don't necessarily raise tax rates. you could cap deductions at $35,000 and have the estate tax go back to where it was and get $1.3 million. i'm simply making the point there's a loft wa
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washington this morning. good morning. >> good morning, carol. >> let's talk about these new laws put in place in many states across the nation. how will this affect voting tuesday? >> in 2011, the brennan center issued a report. when we first saw the onslaught of these laws being introduced across the country. we were extremely worried because it looked like up to 5 million voters would be impacted by these laws in such a way where many of them might have their right to vote encumbered. we issued a new report, however, a year later. it just came out last week -- early this week that showed that because of the pushback that happened across the country, because of the department of justice, citizen referenda, court and other initiatives, there has been a great deal of success in pushingi inin ining respect to these laws. that number is far fewer in terms of how many voters will be impacted. most courts have ruled where there has been litigation that these laws will not go into effect before the november 6th election. we are very hopeful and very exuberant about the fkt that many more v
to their players, marijuana is still a banned substance. tuesday's host in colorado and washington state legalize the recreational use of marijuana prompted a swift response from sports regulations, they all said their drug policies remain the same. >>> from the lakers added dwight howard to their roster they expected to blow out other teams. the season hasn't started out that way. utah jazz beat l.a. last night sending the lakers to a 1-4 record. despite the poor start lakers is giving coach mike brown a vote of confidence and kobe bryant is telling fans to chill out. >>> scottie pippen tells one way that president obama is just like mike. he took to the court with the president's team for his traditional election day basketball day. pippen said no one wanted to hit jordan back in the day and no one wants to hit the president now. as pippen put it, when the president drives on the basket, the lane opens up wide enough for his motorcade to come through. >>> staying chuck strong for chuck pagano while battling leukemia. two dozen players got their head shaved this week in support of their coach. h
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. he joins me now as does my good friend christine romans. she joins me from washington. jim acosta from did he back to you, iowa, where mitt romney just landed. brianna keeler is in milwaukee, wisconsin, traveling with president obama. let's start here in ohio. the state has a very complex economy. here's some of what we've been hearing from voters on this trip. >> just a lot of depressed areas. a lot of joblessness. >> just looking at the unemployment rate, it's so scary to me. >> the last four years has not been very good for our small business. >> with the debt crisis, our country has, that burden is going to be on us in the future. >> all of the skills i had are obsolete now. >> i'm not up at the white house. i don't see rich people all the time. i see a lot of poor people. >> shut down, closed, reduced wages, ship the jobs overseas. we lost 55,000 factories. >> we're probably never have the things that we did 30, 40 years ago. >> balance the budget. we keep spending more and more. somewhere along the line it's going to come back and haunt us. >> they didn't plan for us. now we
for the update. >>> let's get to washington now, where a pretty fiery president obama ready to take off the gloves, if the republicans want to fight. the president clearly stating two key demands during his first news conference, ever since winning re-election. the first on taxes and the fiscal cliff. >> but what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford, and according to economists, will have the least positive impact on our economy. >> the president also making clear that he has susan rice's back. that's his ambassador, the embattled u.s. ambassador to the united nations. initially she said that that september 11th attack on the u.s. consulate in benghazi began as a spontaneous protest against an anti-islam film. well, now two top-ranking republicans are vowing to block her nomination if, in fact, she is picked to be the next secretary of state. that had the president very anger. here's what he said. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. >> white house correspondent dan lot
. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. >> jordan has been one of those stable nations, but protesters are now out in force. they want their government now to listen. >> at least one person was killed. that is jordan's second largest city. arwa damon is live in the capital of amman. you have covered jordan many, many years, have been there a couple of times. it is always a place where you feel comfortable, whether it's a sense of stability here how is this unraveling? >> well, this is mostly centering around the economy, and it is important to know that jordan, in fact, experienced its first demonstrations back in december of 2010. people demonstrating wanting to see economic reforms, wanting to see an end to corruption. prize over it is last two years, and the government increased the cost of fu
numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. >>> lisa sylvester's monitoring some of the other top stories in "the situation room" right now. lisa, anti-austerity strikes hitting parts of europe. what's going on? >> that's right, wolf. violent protests over spending cuts meant to bail governments out of debt are sweeping the european landscape. angry workers took to the streets in spain where a general strike has shut down airports, factories and schools. austerity measures have caused walkouts in portugal, france, italy, belgium and greece. and the closing bell punctuated a rough day on wall street. concerns piling up over a fiscal cliff and turmoil in the middle east forced u.s. stocks to drop more than 1%.
or less. that is an issue here in iowa. christine? >> thanks, poppy. ted rowlands is in washington. that fiscal cliff, that's been felt where you are. how are wisconsin voters feeling it? how is it factoring into their vote? >> reporter: well, christine, in large part, which isconsin's wos jobs. they've only recovered about 10% of the jobs lost. unemployment say little lower than the national average, about 7%. it's hovered there the past six months. there's good news and bad news goes back and forth. oshkosh, they make military vehicles, announced that they're laying off 450 full-time positions either united auto worker employees in the green bay area, the president was there yesterday. governor romney is here in milwaukee today. the bottom line here in wisconsin, it is the same thing we're feeling across the country. one day there's good news. one day there is bad news. and the job losses in the green bay area is very bad news because those are very good jobs. that, of course, would lend to folks voting for mitt romney because their livelihood is directly attached to defense spen
Search Results 0 to 34 of about 35 (some duplicates have been removed)